Challenger Energy completes award process for AREA OFF-3 license in Uruguay

Oil prices saw a modest recovery on Thursday after two consecutive days of decline, as concerns about supply disruptions in Libya resurfaced. Brent crude futures inched up by 3 cents to $78.68 a barrel, while U.S.

Oil prices experienced a significant rise of approximately 3% on Monday, driven by reports of a near-total halt in production in Libya, which added to existing concerns about potential disruptions in Middle Eastern oil supplies. By

Oil prices stabilised on Thursday after a drop in U.S. fuel inventories provided some support, following four consecutive days of decline driven by investor concerns over global demand. By 1330 GMT, Brent crude had risen by

Oil prices continued their upward momentum for the fifth consecutive session on Monday, building on the previous week’s gains of over 3%, as concerns about a US recession subsided and ongoing geopolitical tensions in the Middle

Oil prices saw mixed movements on Tuesday as heightened concerns over the Middle East conflict and reduced output at Libya’s largest Sharara oilfield raised fears of supply constraints. The potential for tight supplies was tempered by

Oil prices rose on Monday, recovering some of last week’s losses, due to fears of escalating conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights. Both Israel and the United States

Crude oil prices have started the week with gains, buoyed by hopes of a rate cut and recovering from a second consecutive weekly loss posted last Friday. The significant news at the beginning of the week

Oil prices surged about 2% on Wednesday, driven by a larger-than-anticipated decline in U.S. crude stockpiles and a weaker U.S. dollar, which outweighed concerns about slower economic growth in China. Brent futures increased by $1.35, or

Oil prices remained stable on Monday, influenced by political uncertainties in the US and the Middle East, which supported prices despite the downward pressure from a stronger dollar and weak demand from China, the leading importer.

Oil prices saw an increase on Wednesday following a significant jump in U.S. refining activity last week. This activity led to a larger-than-expected decline in gasoline and crude inventories. However, the gains were limited because there

Oil prices rose on Monday, driven by forecasts of a supply deficit from peak summer fuel consumption and OPEC+ cuts, despite global economic challenges and increased non-OPEC+ output. Brent crude futures reached $85.53 a barrel, while

Oil prices experienced a rise during Asian trade on Friday, positioning themselves for a third consecutive weekly increase. This uptrend is supported by growing expectations that the U.S. central bank will soon begin to cut interest

Oil prices saw a slight increase on Monday as traders balanced the anticipated rise in summer demand and geopolitical tensions against the impact of a stronger dollar. By 0850 GMT, Brent crude futures had risen by

Crude oil futures saw little change on Friday but were poised to increase for a second consecutive week, driven by signs of rising demand and declining oil and fuel inventories in the United States, the world’s

On Monday, oil prices experienced a significant surge, reaching their highest settlement levels in over a month. This increase, which added to the previous week’s gains, was driven by investor optimism regarding future demand. U.S. West

On Monday, oil prices surged by approximately 3% to reach a one-week high. This increase was driven by optimism regarding rising fuel demand during the summer months, despite the presence of a stronger U.S. dollar and